RiskView

The RiskView visualization engine assigns a Materiality Score to each risk across your organization, enabling material risks to stand out from the rest. Click to enlarge. Best viewed full-screen.

RiskView spec sheet | [pdf]

Q&A with Rev2′s CTO Robert Cruickshank | [audio (6:49)] | [pdf]

Rev2 is the leading provider of next-generation risk management solutions.  Our RiskView® Risk Concentration Analysis™ framework and visualization engine identifies, compares and prioritizes vulnerabilities throughout your business. We offer tailored RiskView solutions for Service Providers, Manufacturers, Financial Services, Government organizations, and other Enterprises.

RiskView solutions enable you to identify the vulnerabilities that represent your business’s greatest risks, and address these vulnerabilities before they impact your bottom line.  This provides you with an unprecedented competitive advantage by helping you to maximize the realization of existing business opportunities.

Your organization’s potential vulnerabilities are found in material concentrations of risk.  These “risks that matter” become evident when each risk is considered in the context of all risks throughout your organization.  Most businesses are looking at risks in isolation, which is the wrong way.

What is RiskView?

RiskView is a software package that incorporates a data warehouse and visualization engine that helps you to discover and prioritize risks hidden anywhere in your business.  RiskView combines the elements of today’s various risk management disciplines into one all-encompassing, scalable, repeatable framework.

Who uses RiskView?

Our customers are senior executives responsible for protecting the company’s bottom line.  The markets in which the RiskView solution has demonstrated value include:

  • Service Providers, where it helps prioritize preventative maintenance to minimize outages and improve services
  • Manufacturers, where it unearths hidden vulnerabilities in the supply chain
  • Financial Services, where it correlates risk data collected from corporate silos across the enterprise
  • Government, where it correlates and prioritizes vulnerabilities from diverse areas and programs in the organization.

Why RiskView?

Without our next-generation software, you may only see isolated tips of the iceberg – and you may not be able to avoid colliding with it.  Using a sophisticated visualization engine, RiskView makes your material risks stand out so you can prioritize them.

The highly extensible RiskView framework and visibility engine enables fact-based, repeatable and scalable risk management decisions.

How does RiskView work?

RiskView takes on the monumental task of:

  • Collecting all of your risk data
  • Normalizing it into a common format and language so it can be compared, and then
  • Assigning a Materiality Score to each risk.

When visualized in RiskView, the risks that represent your business’s greatest vulnerabilities will stand out from the rest.  This helps you identify risks and test controls in the context of all other risks, as opposed to looking at risks in isolation.

This identifies, for example:

  • Chronically misbehaving devices
  • Recurring problems specific to a geographic region or departmental silo
  • Problems in maintenance programs that are impacting the business and could escalate
  • Execution risks that span complex programs and processes.

Using RiskView, you will:

  • Save money on controls
  • Lower your overall business-wide risk profile
  • Position your business to gain competitive advantage.

Materiality is defined as the unbiased measure of the true cost of a risk on a normalized scale. The RiskView Materiality Score is a yardstick that enables you to consider each risk in the context of all other risks and to compare the scores of risks from different silos.

Primary Differentiator

The primary differentiator of the RiskView solution is that it determines where there are concentrations of risk.  Material risks emerge when correlating risks from all silos and considering each in context.  This approach yields a Materiality Score, making it easy to recognize and prioritize material risks – the risks that matter.  After collecting vulnerability data from throughout the business, the software assigns a score to each “risklet” that reflects its likelihood to cause a problem – as well as the impact that problem would cause.

The Materiality Score is influenced by three factors:

  • Exploitability:  the probability that it could be taken advantage of
  • Susceptibility:  the probability that one might be affected by it
  • Impact:  how critical an event would be to the business.

RiskView was designed to address the reality that the same risks have multiple impacts on your business. A critical advantage of RiskView is that it classifies risk data in a meaningful way that enables you to see material concentrations of risk.

Professional Services

Rev2′s experienced professional services team is available to support your requirements. With deep expertise in risk management, change management, IT infrastructure, and related disciplines, we can help insure a project’s success while focusing on rapid identification of your material risks. We specialize in:

  • Risk management governance models
  • Process design to insure ongoing and productive use of risk tools
  • And the creation and translation of risk profiles and registers that are often the starting point for risk analysis.

Contact us today for a Proof of Concept tailored to your business: infoatrev2dotcom  (infoatrev2dotcom)  , 914.614.8600.